Unprecedented Stability in TMT Exchange Rates Intrigues Investors
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2024-05-08
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the Overall Trend of the Exchange Rates
From a cursory observation, it appears that the exchange value of TMT did not experience drastic change through the day of May 8, 2024. Although the values fluctuated, the changes were measured in thousandths, which suggests a relatively stable foreign exchange market for TMT.
Identifying any Seasonality or Recurring Patterns
In terms of seasonality or recurring patterns, the time period provided is not broad enough to draw a comprehensive evaluation of yearly or monthly patterns. More data, covering several years, would be necessary to accurately determine seasonal patterns. However, from the data provided, there is no clear pattern or rhythm at which the TMT exchange rate values increase or decrease that can be directly attributed to the time of day.
Outliers in the Exchange Rate
Regarding outliers, the maximum and minimum values in the dataset vary by around 0.002, which, considering that values are all around 0.39, represents a rather minimal fluctuation. This further supports the observation that the TMT exchange market is relatively stable. Hence, we can infer that there are no distinctive outliers or abnormal points during this time span that would deviate significantly from the observed trend.
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